Summary: GemLife, an Australian over-50s lifestyle resorts operator, is launching an IPO to raise up to A$750 million. The listing, fully underwritten by JPMorgan and Morgan Stanley, is expected to be Australia’s largest in 2025 and will result in a significant increase in Thakral Corporation’s net asset value and a decrease in its gearing ratio.

Link: https://www.straitstimes.com/business/companies-markets/thakral-associate-gemlife-to-raise-up-to-628-million-in-biggest-australian-ipo-this-year